Barclays (LON:BARC) Sets New 52-Week High – What’s Next?

Barclays PLC (LON:BARC)’s share price reached a new 52-week high on Friday . The stock traded as high as GBX 264.80 ($3.33) and last traded at GBX 260.40 ($3.28), with a volume of 300372313 shares trading hands. The stock had previously closed at GBX 262.65 ($3.31).

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Thursday, October 24th. Citigroup restated a “buy” rating on shares of Barclays in a research report on Monday, September 2nd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 270 ($3.40) target price on shares of Barclays in a research note on Monday, September 9th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 276 ($3.47).

Barclays Stock Down 3.5 %

The business has a 50 day simple moving average of GBX 237.62 and a 200-day simple moving average of GBX 225.23. The company has a market capitalization of £36.76 billion, a P/E ratio of 999.81, a PEG ratio of 1.15 and a beta of 1.36.

Insiders Place Their Bets

In other news, insider Brian Gilvary sold 109,404 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.13), for a total value of £272,415.96 ($342,963.57). Also, insider Anna Cross sold 49,013 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.78), for a total transaction of £108,318.73 ($136,370.05). Corporate insiders own 1.47% of the company’s stock.

About Barclays

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.